With the vast majority of the population in lockdown, we are facing unprecedented and uncertain times. However, the world continues to turn and with that we’re having to figure out new and different ways of working. There are documents – contracts, deeds, legal...
With the entire nation having to adapt to the major disruption that the global COVID-19 pandemic has brought along, it feels like life has been temporarily put on hold. Almost everybody is having to work from home if they can, and children are being home-schooled. The...
Covid-19 is starting to have a significant impact worldwide, affecting supply chains and daily commercial operations. While the short-term implications have seen many businesses close their doors entirely or switch to remote working where possible, the long-term...
There is no denying that we are living in uncertain times at the moment and the best thing you can do right now is educate yourself on your position and the different options that are available to you as an employee. Working from home The advice from the government is...
If there is one thing that everyone is speaking about at the moment, it is the coronavirus - and rightly so; we are living through something that we have never experienced before in living memory. If you are an employer, you may be concerned about the future of your...
After much speculation, the Government has now released more detailed guidance on the Job Retention Scheme which can be found at https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme This update provide is a guide and aims to...
With the effects of COVID-19 causing entire businesses to close and workforces to uproot and work from home away from the office, it has created an issue for companies leasing properties for which they are paying rent but deriving no income. In such circumstances,...
The shutdown brought about by the COVID-19 virus has resulted in a shift in circumstances for which most have never prepared. A huge number of events have been cancelled, many at the last minute. Many work projects have been postponed or cancelled, leaving either the...
One of the biggest issues around the Coronavirus outbreak has been the need to "self-isolate" and dramatically reduce opportunities for COVID-19 to spread. This move to self-isolation has resulted in an estimated 20% of the UK workforce working from home. This...
The UK Government has provided further details of the Coronavirus Job Retention Scheme to help employers avoid redundancies during the Co-Vid pandemic. We have summarised the key features below. Scope of the Scheme The Scheme is open to all UK employers, who operated...
A contract is a promise or an agreement between two or more parties that is legally binding. A contract does not have to be a written document. A contract can be a verbal contract, whereby two individuals agreed to a specific thing or it can be ‘implied’....
We now live in what some may say is the ‘digital era’. The protection of trademarks has become increasingly necessary for businesses. You will often be advised that your trademark should be protected. However, are you advised on what may be considered an...
We often get calls from business owners who have recently learned that their business name is being used by another company or person. They want to know what can be done to stop the use of their business name, and what it will cost to get the work done. If you have a...
Following the introduction of The Tenant Fees Act 2019 (TFA 2019) in June this year, this has vastly changed the fees that a landlord is permitted to charge its tenants. The TFA 2019 applies to assured shorthold tenancies, student accommodation tenancies and licences...
The importance of the Disclosure Letter from the seller’s point of view. We answer your frequently asked questions in this article.
Who, what and when?
Following on from our previous article on buying commercial property at an auction, we now explore selling commercial property at auction.
A step-by-step guide on buying commercial property at auction
GDPR and no-deal Brexit, what does it mean for your business?
Winter is here & so is the snow.
Airports, motorways and sidewalks are slippery, icy or closed.
So, do I have to go to work?
Netflix in hot water over suspected trade mark infringement in latest “Black Mirror” instalment.
There are several ways to grow your business. If you have a strongly reputable brand and business system that can be replicated, franchising your business may be an option for expansion.
Check our top 3 considerations when thinking about franchising your business
What are they?
Will they benefit me?
What are their drawbacks?
We answer your questions on CLN.
Like any commercial matter, the buying of a business and property can often be daunting task trying to understand and undertake. While your immediate attention will be on the numbers and in particular profitability of the business, there are two common problems that affect and severely delay first-time buyers of a children’s nursery. Ofsted and transfer of the premises.
If you are looking to sell your pharmacy, please note that any purchaser will insist on evidence of compliance of the above before the sale completes and vice versa, if you are looking to buy a pharmacy, please ensure that you obtain evidence of compliance before you complete the purchase.
Finding a solicitor to deal with your legal problem means finding the right solicitor that you can rely on to successfully resolve your problem. So how do you do this? We have listed the below tips to help you deal with this: Seek personal recommendations from friends...
Removing a director from a company is much more complicated than removing an employee and is usually a sticky subject and if not done correctly, could invalidate the entire process. Below is a summary on the process. A director’s appointment may be terminated:...
When entering into a legal relationship, whether that is buying a house or having a kitchen installed, you want to know exactly what you are getting and that it is worth the money you are spending. When you are investing your time and money into building a business...
Whatever the reason behind your decision to sell your pharmacy, it’s important to give yourself enough time to prepare your pharmacy for sale, as prospective buyers will be looking for a number of factors when conducting their due diligence.
When buying a business, there are many important legal considerations to take into account and lots of pitfalls to look out for—even more so when buying a pharmacy. This is because the pharmacy industry is highly regulated, and pharmacy owners are legally bound to protect the wellbeing of patients and the public in the way they run their business.
It’s not uncommon for sellers to think that a sale is as good as complete once the heads of terms are signed. However, signing heads of terms (also known as letters of intent or memoranda of understanding) is only the first step in starting negotiations for a sale and purchase agreement (SPA).
In challenging economic times, it is not uncommon for businesses of all sizes to find themselves in dire financial straits, which can lead to a company becoming insolvent. While insolvency is not a desirable scenario, some insolvency procedures can be the life raft a drowning company needs to get back on its feet. With this in mind, here are six key things every business owner should know when it comes to corporate insolvency in the UK.
For most business owners, their long-term goal is to expand the business they’ve built, and many turn to mergers and acquisitions (M&A) as a route for fuelling business growth. However, M&A typically entails an intensive upheaval process; the only way to ensure that this upheaval will be worthwhile is by carefully managing the merger or acquisition from the outset, and adopting the right strategy.
As part of the UK Government’s trust and transparency agenda, the Small Business, Enterprise and Employment Act (SBEE) is now in effect as of April 2016. If your business is a UK incorporated company or limited liability partnership (LLP), this means you’ll be required to set up and maintain a ‘people with significant control’ (PSC) register. This article provides a helpful overview of the new PSC requirements, and briefly explains the steps for compliance.
Following the 2008 financial crash, there was a stream of news headlines announcing the liquidation of many well-known corporate powerhouses. Yet many business owners may still be unclear on what liquidation actually entails or what the role of a liquidator is. Here, we discuss the circumstances leading to liquidation, as well as the powers of a liquidator.
While buying or selling a dental practice is largely the same as buying or selling any small business, there are a number of additional considerations that come into play for dental practices. Here, we highlight some of the considerations for a first-time buyer or seller of a dental practice, to help both parties prepare for the transaction well in advance.
The UK is an increasingly attractive destination for overseas investors seeking lucrative business opportunities. This is largely thanks to the UK’s welcoming business climate and well-established legal precedents for foreign mergers and acquisitions.
Selling a pharmacy is never easy, especially when you’ve built it up and served your patients for many years. So not only do you want the best value for your business when selling, but you also want the best for your patients and staff. With this in mind, our expertise in the pharmacy industry has enabled us to compile and answer a list of the questions most frequently asked by pharmacists when selling their pharmacy business.
Although it is no longer a legal requirement, many private limited companies still opt to hire a company secretary to perform a number of essential tasks. As providers of company secretarial services, we know firsthand just how valuable this position is to private companies. Here, we give an overview of the responsibilities and importance of this role to help you determine whether your business should hire a company secretary.
When going into business together, many entrepreneurs may not realise the legal implications of forming a partnership. Even if the partnership is not formally registered, by virtue of doing business together, the Partnership Act automatically applies.
The best way to prepare for the sale of your business is to be well informed: this will allow you to take the necessary steps to get the highest possible sale price for your business. With this in mind, our experienced solicitors have compiled an overview of the key points to consider when preparing to sell your business.
Many new entrepreneurs are very secretive of their new business idea. Their thinking is that if they were to share a business idea with others, they risk being copied. This is sometimes an unfounded fear and it is worth understanding how your startup can be legally...
In the unfortunate event that you must dismiss an employee for misconduct or poor performance, there are certain steps and measures to be followed in order to avoid the risk of disputes and litigation.
A commonly asked question is what should I do If you ever come across your work being used by another company or person without your permission. It has become increasingly common, due to ease of access on the internet, that original works are copied by others. Read...
Employment terms often change over time when employees are promoted or receive a salary increase, for example. There are, however, certain changes to employment terms that employees are less willing to accept, such as pay cuts, changes to working hours, or the addition of new duties. It is therefore important that employers understand how to amend an employment contract with minimal risk of conflict.
The word ‘insolvency’ carries many frightening connotations for business owners. However, being insolvent does not necessarily mean that your company must close up shop for good. Here, we discuss how to determine whether your company is insolvent, along with some of the main insolvency options that might save your company.
At first glance, the appeal of franchising is obvious: for those franchising their business, it may seem like a brilliant way of expanding the business, and for those investing in a franchise, it may appear to be a quick and easy route to success, as the business’s brand and reputation is already established.
TUPE is an acronym for the Transfer of Undertakings (Protection of Employees) Regulations, which are designed to protect employees if the business they work for changes ownership or if there is any change in service provisions.
Due diligence is of paramount importance when buying any business, but when purchasing a dental practice, there are various additional factors that come into play. Examining each of the elements will help you determine the true value of a practice, comply with the statutory requirements of the UK’s General Dental Council, and ascertain which warranties or indemnities will be needed in your sale and purchase agreement.
Due diligence is an integral part of any acquisition, allowing the buyer to thoroughly investigate every facet of a target company in order to ascertain its true worth. Here, we explain why investigating the social media worth of a target company should be a core component of the due diligence process.
